Macquarie rates PLL as Outperform (1) -
Piedmont Lithium has announced first shipment of 20.5kt of spodumene concentrate from its 25%-owned North American Lithium operation on the spot market at around US$3,700/t, delivering strong cash flow, notes Macquarie.
The next two shipments in August and September will be sold to Piedmont Lithium under the offtake agreement, where the cost is capped at US$900/t, explains the broker.
The Outperform rating is unchanged and the target rises to $1.90 from $1.80.
Macquarie rates PLL as Outperform (1) - Piedmont Lithium has...
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Mkt cap ! $71.68M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.8¢ | $317.4K | 1.761M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 11 | 206945 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 18.5¢ | 219296 | 5 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 18.0¢ | 18.5¢ | 17.8¢ | 699213 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
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